Specifically, for business and other liberal-arts majors, the prestige of the school has a major impact.

The Wall Street Journal reports.

Do Elite Colleges Lead to Higher Salaries? Only for Some Professions

For all the thought that families put into choosing a college, very often the decision is dominated by a simple line of reasoning: The more prestigious the school you attend, the higher your salary will be after you graduate.

So, they focus their efforts on getting their children into the best possible college they can afford, figuring that even if they’re paying more tuition now, they’re maximizing earnings down the road.

But that formula doesn’t always hold true. And following it blindly can leave graduates burdened with much more debt than necessary when they get out of school.


 
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